Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance
|
|
|
|
|
|
Wednesday's commodities roundup
Mar 28 2007 11:54PM (CT)
NEW YORK (AP) - Gold and other precious metals climbed Wednesday, boosted by higher crude oil prices that reached a more than six-month high.
|
|
|
Ex-Qwest CEO accused of concealing $90M
Mar 28 2007 11:53PM (CT)
DENVER (AP) - Former Qwest Communications chief executive Joe Nacchio, on trial for insider trading, attempted to hide $90 million in assets by transferring stock into accounts held solely by his wife, according to a prosecution motion made public Wednesday.
|
|
|
2 ex-Enron attorneys charged with fraud
Mar 28 2007 11:52PM (CT)
WASHINGTON (AP) - The Securities and Exchange Commission charged two former in-house attorneys at Enron Corp. with civil securities fraud Wednesday, as the agency continues to unravel a web of complex transactions and alleged corporate deception more than five years after the once high-flying energy company collapsed into bankruptcy.
|
|
|
Final touches put on Legoland Las Vegas
Mar 28 2007 11:48PM (CT)
CARLSBAD, Calif. (AP) - What happens in Legoland Las Vegas will stay in Legoland Las Vegas _ if the designers have anything to say about it.
|
|
|
2 fined for hiring illegal immigrants
Mar 28 2007 11:46PM (CT)
SAN DIEGO (AP) - Two executives at a company that once helped build a fence to keep illegal immigrants from crossing the Mexican border were sentenced Wednesday to six months of home confinement for hiring undocumented workers.
|
|
|
Tower Automotive acquired in $1B deal
Mar 28 2007 11:44PM (CT)
DETROIT (AP) - Tower Automotive Inc. said Wednesday it will sell all its assets to Cerberus Capital Management LP in a deal valued at $1 billion _ a transaction that highlights the growing role of private equity firms in the restructuring of the U.S. automobile industry.
|
|
|
Merger will form massive health insurer
Mar 28 2007 11:43PM (CT)
PHILADELPHIA (AP) - The merger of two Pennsylvania nonprofits announced Wednesday, if approved by state and federal regulators, would create the nation's third largest health insurer based on premiums collected.
|
|
|
Treasury bond prices end mixed
Mar 28 2007 11:40PM (CT)
NEW YORK (AP) - Federal Reserve Chairman Ben Bernanke's address to Congress Wednesday walked a fine line between caution over growth and concerns about inflation, and left Treasury bond prices mixed by the end of the session.
|
|
|
State Farm settles Miss. Katrina lawsuit
Mar 28 2007 11:39PM (CT)
JACKSON, Miss. (AP) - State Farm Fire and Casualty Co. has reached another settlement with a Mississippi Gulf Coast couple who sued the insurer over damage to their home from Hurricane Katrina.
|
|
|
'Voluntourism' vacations taking off
Mar 28 2007 11:36PM (CT)
CHICAGO (AP) - Mike Wood spent his recent vacation in rural Honduras, visiting Mayan ruins but mostly building latrines and pig pens.
|
|
|
'Voluntourism' vacations taking off
Mar 28 2007 11:36PM (CT)
CHICAGO (AP) - Mike Wood spent his recent vacation in rural Honduras, visiting Mayan ruins but mostly building latrines and pig pens.
|
|
|
'Voluntourism' vacations taking off
Mar 28 2007 11:36PM (CT)
CHICAGO (AP) - Mike Wood spent his recent vacation in rural Honduras, visiting Mayan ruins but mostly building latrines and pig pens.
|
|
|
Union Pacific CEO received $13M in 2006
Mar 28 2007 11:34PM (CT)
OMAHA, Neb. (AP) - Union Pacific President and Chief Executive Jim Young received compensation the company valued at $13,043,583 in 2006 while the nation's largest railroad continued to reap robust profits.
|
|
|
2 plead guilty in Grenada bank scam
Mar 28 2007 10:57PM (CT)
PORTLAND, Ore. (AP) - The last two defendants in a multimillion-dollar offshore bank and insurance scam have pleaded guilty in federal court, prosecutors said Wednesday.
|
|
|
Circuit City to cut more than 3,500 jobs
Mar 28 2007 6:31PM (CT)
NEW YORK (AP) - A new plan for layoffs at Circuit City is openly targeting better-paid workers, risking a public backlash by implying that its wages are as subject to discounts as its flat-screen TVs.
|
|
|
Stocks fall amid inflation concerns
Mar 28 2007 4:40PM (CT)
NEW YORK (AP) - Stocks fell Wednesday after Federal Reserve Chairman Ben Bernanke chided investors who may have looked past long-standing concerns about inflation. The Dow Jones industrials fell nearly 100 points, the third straight session of declines.
|
|
|
Business investment sinks
Mar 28 2007 4:34PM (CT)
WASHINGTON (AP) - Orders to factories for big-ticket manufactured goods posted a disappointing increase in February that raised new worries about the strength of the economy.
|
|
|
SEC boosts oversight of accounting board
Mar 28 2007 4:33PM (CT)
WASHINGTON (AP) - The Securities and Exchange Commission will have greater influence over the appointment of members to an accounting standards body under an agreement hammered out earlier this month, current and former members of the board said Wednesday.
|
|
|
Bernanke: economic expansion isn't over
Mar 28 2007 4:17PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke doesn't believe the nation will slip into a recession, rejecting the notion raised by predecessor Alan Greenspan that the economy's expansion could be in danger of fizzling out.
|
|
|
Northrop unveils team for AF tankers
Mar 28 2007 3:54PM (CT)
WASHINGTON (AP) - Northrop Grumman Corp. and its European partner EADS Co. named a team of U.S. subcontractors Wednesday in their bid to win a $40 billion Air Force contract for a midair refueling tanker.
|
|
|
Northrop unveils team for AF tankers
Mar 28 2007 3:54PM (CT)
WASHINGTON (AP) - Northrop Grumman Corp. and its European partner EADS Co. named a team of U.S. subcontractors Wednesday in their bid to win a $40 billion Air Force contract for a midair refueling tanker.
|
|
|
UAW may not allow health concessions
Mar 28 2007 3:47PM (CT)
DETROIT (AP) - The head of the United Auto Workers said Wednesday that the union already has made health care concessions to General Motors Corp. and Ford Motor Co., and he implied that it won't give any more.
|
|
|
Oil prices rise above $64 a barrel
Mar 28 2007 3:46PM (CT)
NEW YORK (AP) - Oil prices rose to a six-month high above $64 a barrel Wednesday amid rising tensions between Iran and the West and as inventories declined in the U.S.
|
|
|
Executive departs software maker SAP
Mar 28 2007 3:13PM (CT)
BERLIN (AP) - Business software maker SAP AG said Wednesday top executive Shai Agassi, once considered a potential successor to Chief Executive Henning Kagermann, would leave the firm to pursue interests in alternative energy and environmental policy.
|
|
|
Squint TV: Television comes to cellular
Mar 28 2007 3:11PM (CT)
ORLANDO, Fla. (AP) - Try shopping for a "Watchman" on Sony's Web site, and all you'll find is music. Though the company kept making the handheld TV for two decades, it never caught on like the Walkman, or, more recently, the iPod.
|
|
|
Squint TV: Television comes to cellular
Mar 28 2007 3:11PM (CT)
ORLANDO, Fla. (AP) - Try shopping for a "Watchman" on Sony's Web site, and all you'll find is music. Though the company kept making the handheld TV for two decades, it never caught on like the Walkman, or, more recently, the iPod.
|
|
|
Squint TV: Television comes to cellular
Mar 28 2007 3:11PM (CT)
ORLANDO, Fla. (AP) - Try shopping for a "Watchman" on Sony's Web site, and all you'll find is music. Though the company kept making the handheld TV for two decades, it never caught on like the Walkman, or, more recently, the iPod.
|
|
|
Squint TV: Television comes to cellular
Mar 28 2007 3:11PM (CT)
ORLANDO, Fla. (AP) - Try shopping for a "Watchman" on Sony's Web site, and all you'll find is music. Though the company kept making the handheld TV for two decades, it never caught on like the Walkman, or, more recently, the iPod.
|
|
|
Amp'd Mobile faces $100,000 FCC fine
Mar 28 2007 2:19PM (CT)
WASHINGTON (AP) - The Federal Communications Commission is proposing a $100,000 fine against Amp'd Mobile Inc., the wireless phone company aimed at the youth market, and two other companies for failing to protect consumers' personal calling records from thieves.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Factory struggles after immigration raid
Mar 28 2007 1:45PM (CT)
NEW BEDFORD, Mass. (AP) - Michael Bianco Inc. was a success story, a small leather factory in a struggling city that landed military contracts at such a rate that its work force more than quadrupled in the span of a few years.
|
|
|
Government advisers discuss `.xxx' name
Mar 28 2007 1:44PM (CT)
LISBON, Portugal (AP) - Government advisers deliberated behind closed doors Wednesday but issued no public statement on a plan to give the online back alleys their own home through a voluntary ".xxx" Internet address.
|
|
|
Court case may impact shareholder suits
Mar 28 2007 11:36AM (CT)
WASHINGTON (AP) - A stringent legal standard is needed for shareholders to meet when they accuse public companies of fraud and sue them for damages, attorneys representing the government and business interests argued before the Supreme Court on Wednesday.
|
|
|
Beazer shares sink amid federal probe
Mar 28 2007 9:46AM (CT)
ATLANTA (AP) - Shares of Beazer Homes USA Inc. fell more than 8 percent Wednesday after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions. The homebuilder said it was cooperating with a federal prosecutor's request for documents.
|
|
|
Global production at Toyota up in Feb.
Mar 28 2007 9:44AM (CT)
TOKYO (AP) - Toyota Motor Corp., closing in on General Motors Corp.'s spot as the world's biggest vehicle maker, said Wednesday its global production climbed in February for 28th straight month of increase.
|
|
|
Burger King pledges cage-free food
Mar 28 2007 5:07AM (CT)
MIAMI (AP) - Animal rights advocates praised Burger King for its new commitment to begin buying eggs and pork from suppliers that do not keep their animals in cages or crates.
|
|
|
President of troubled Sanyo steps down
Mar 28 2007 4:03AM (CT)
TOKYO (AP) - Sanyo President Toshimasa Iue will step down next week, the company announced Wednesday amid an accounting scandal at the troubled electronics company that has also claimed the job of its chairwoman.
|
|
|
Dollar drops vs. the yen
Mar 28 2007 3:45AM (CT)
TOKYO (AP) - The dollar fell against the yen in Asia Wednesday on fiscal year-end selling as players awaited testimony from the U.S. central bank's chief to assess his views on the American economy.
|
|
|
Japanese stocks fall for 2nd day
Mar 28 2007 3:45AM (CT)
1310 TOKYO (AP) - Japanese stocks fell for a second day Wednesday investors took profits in steels, real estate developers and banking issues following the market's recent gains.
|
|
|
S&P: Home prices worst since '94
Mar 28 2007 12:10AM (CT)
NEW YORK (AP) - Prices of single-family homes across the nation depreciated in January compared to a year ago, the worst results in more than 13 years, a housing index released Tuesday by Standard & Poor's showed.
|
|
|
|
|
|